• 목록
• 답변
• 글쓰기
• 게시판 리스트 옵션
  • 수정
  • 삭제

Paddy Power shares drop on results

Shares in Paddy Power have actually fallen by about 5% after the bookmaker unveiled disappointing first-quarter outcomes.

The business's underlying operating earnings fell to ₤ 80m, compared with ₤ 91m for the exact same period in 2017.

It blamed bad weather in March for lower incomes from horseracing after 14% of UK and Irish races were cancelled.

New betting taxes and start-up losses in the US likewise took their toll.

the yohaig code company stated it was planning to return ₤ 350m of money to investors in the next 12 to 18 months, with a share buyback program to be started soon.

Paddy Power Betfair opened three new stores in the UK and 2 in Ireland throughout the quarter, taking its overall to 631.

'Good development'

the yohaig code company said group income was down 2% at ₤ 408m for the quarter,

Growth in football wagering was offset by "weakness in horseracing, which was negatively affected by the high level of weather-related cancellations".

It anticipates full-year profits to come in at between ₤ 470m and ₤ 485m.

"We have made great progress versus our tactical priorities," stated president Peter Jackson.

"In Europe, the successful completion of our platform integration has actually led to a meaningful enhancement to the Paddy Power item.

"In Australia, Sportsbet continues to carry out well and is targeting more market share development."

"Weather is a huge consider our industry and the awful start to this promotion code year has impacted lots of services, not simply the bookies. It is not unexpected that revenues have plunged, but the genuine test will be through the spring and summertime," stated Andy Bell from Bettingodds.com, external.

Betting company 'failed problem bettors'

2 May 2018

Bookies seek gambling maker reprieve

29 April 2018